SME Times is powered by   
Search News
Just in:   • Sensex ends 85 points higher, Nifty closes above 11,680   • EU India's third largest marine export destination  • 'Govt to reduce licencing time for sensitive, dual-use exports'  • Russians top Goa's foreign tourist arrival charts  • Jaypee Infra case: NCLAT asks CoC to frame norms for new bids 
Last updated: 10 Jul, 2019  

Google.9.Thmb.jpg Google acquires Cloud storage firm Elastifile

   Top Stories
» EU India's third largest marine export destination
» 'Govt to reduce licencing time for sensitive, dual-use exports'
» Relations with Iran, US stand on their own merit: Minister
» Govt plans matching grant to industry-supported startups: Official
» 'Designed in UK-Made in India' strategy for India-UK partnership: Goyal
IANS | 10 Jul, 2019
Aiming to ramp up its Cloud business against marker leaders Amazon Web Services (AWS) and Microsoft, Google Cloud's CEO Thomas Kurian has announced the acquisition of Elastifile, a provider of scalable enterprise storage for the Cloud, for an undisclosed sum.

The acquisition of Elastifile is expected to be completed later this year.

This is the second acquisition under Kurian who quit Oracle and joined Google Cloud as its head in November last year.

Last month, Google announced plans to acquire data analytics company Looker for $2.6 billion.

"Elastifile is a pioneer in solving the challenges associated with file storage for enterprise-grade applications running at scale in the cloud," Kurian said in a statement on Tuesday.

They've built a unique software-defined approach to managed Network Attached Storage (NAS), enabling organizations to scale performance or capacity without cumbersome overhead.

File storage is fundamental to enterprise infrastructure and a priority for customers looking to accelerate their digital transformation.

Elastifile was founded in 2013 and is headquartered in the Israeli coastal city of Herzliya and in Santa Clara, California.

So far, the company has raised a total of $75 million from funds and investors, including Chinese giants Huawei and Lenovo, as well as Samsung, Cisco and Dell.

According to Kurian, the combination of Elastifile and Google Cloud will support bringing traditional workloads into Google Cloud Platform (GCP) faster and simplify the management and scaling of data and compute intensive workloads.

"We believe this combination will empower businesses to build industry-specific, high performance applications that need petabyte-scale file storage more quickly and easily. This is critical for industries like media and entertainment," said Kurian.

The amount of the acquisition was not reported by the two companies, but it was estimated in the Israeli media at around $200 million.

"We're excited to join Google for the next part of our journey. File storage is essential to enterprise cloud adoption and, together with Google, we are well-positioned to serve those needs," said Erwan Menard, CEO at Elastifile.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 18 Jul, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Can't say
  Commented Stories
» India's balancing act(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter